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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (61871)11/4/2000 5:53:03 PM
From: Stephen M. DeMoss  Read Replies (2) | Respond to of 99985
 
Zeev, The Christmas will be bought with credit cards so that is not relavent (IMO) to the energy costs. Energy costs are trending downward and today's hefty prices (I believe) have already factored in a colder winter (as it has been discussed to nausea). Finally I actually see the Euro coming to par or better with the dollar over the next 3 months. I am close to a large company that is buying 'the Euro' without any hedging. They have a target of 124 over the next year. Thus, even if they are only half correct, I see the Euro strengthening and companys that missed earnings this past quarter to be helped and in turn to beat the new, lowered, earnings estimates. No one is expecting a strong rally and thus when it is time to cover short positions, look out! Thanks for your input! Steve D.



To: Zeev Hed who wrote (61871)11/5/2000 2:10:08 PM
From: RocketMan  Read Replies (1) | Respond to of 99985
 
The Asian malaise which is still in the "stealth" phase will become more visible (I already hear that Taiwanese foundries are delaying their own cap ex, reason, no money).

OTOH, if Asia comes back to the forefront, that will cause the Fed to hesitate about further rate increases, or even to pump more liquidity into the system, as in 98.